Turnkey Restaurant and Bar
406 2nd St New Glarus, WI 53574
406 2nd St, New Glarus, WI, 53574
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For Sale
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Turnkey restaurant and bar with a second-floor apartment, positioned near New Glarus Brewing Company.
Property Size3,028 SF
Price / SF$247.69
Days on Market84
Property Features for 406 2nd St
General Information
- Standard status
- Active
- Size
- 3,028 SF
- Property subtype
- RETAIL
Listing agency
ABSTRACT Commercial Real Estate
(608) 239-4781
Listed by
Heather Ewing, CCIM · License #5763590
Source
Moodyscre
Added: Apr 29 Updated: Jul 21 at 1:03PM Checked: Jul 21 at 1:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ABSTRACT Commercial Real Estate
Investment Insights
Based on property information with market context.
This turnkey restaurant and bar offering includes owned real estate and operates as a hospitality package. The property features on-site food and beverage space plus a second-floor apartment intended to add additional income potential. The building totals 3,028 square feet.
Located in New Glarus, it is described as minutes from New Glarus Brewing Company, with year-round tourism tied to local events. Public remarks cite Oktoberfest (about 14,000 visitors), Christkindli Market (about 10,000 visitors), and the World Euchre Championship (624 participants, with 40% out of state).
The remarks also point to regional growth catalysts, including a $55M brewery expansion, a $7M hotel renovation, and a $4.25M public library project.
Located in New Glarus, it is described as minutes from New Glarus Brewing Company, with year-round tourism tied to local events. Public remarks cite Oktoberfest (about 14,000 visitors), Christkindli Market (about 10,000 visitors), and the World Euchre Championship (624 participants, with 40% out of state).
The remarks also point to regional growth catalysts, including a $55M brewery expansion, a $7M hotel renovation, and a $4.25M public library project.
Key Highlights
- Restaurant + bar property with an apartment on the 2nd floor.
- Positioned in New Glarus and located minutes from New Glarus Brewing Company.
- Tourism draw noted: Oktoberfest (~14K visitors) and Christkindli Market (~10K visitors).
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.0k | $22.80 |
| − Vacancy | −$3.5k | −$1.14 |
| EGI | $65.6k | $21.66 |
| − OpEx | −$16.4k | −$5.42 |
| NOI | $49.2k | $16.25 |
3,028 SF · lease $22.80/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$702.7K
$614.9K – $819.8K
NOI $49,190 @ 7.0% cap · market cap 6.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$884.5K
$774.0K – $1.03M
NOI $61,917 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Ott Haus Pub ...
Bar & Pub
ATM
Atm
FAQs
What type of property is this?
Conventional restaurant - Turnkey restaurant and bar with a second-floor apartment, positioned near New Glarus Brewing Company.
Where is this conventional restaurant located?
The property is located at 406 2nd St New Glarus, WI.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Restaurant + bar property with an apartment on the 2nd floor.; Positioned in New Glarus and located minutes from New Glarus Brewing Company.; Tourism draw noted: Oktoberfest (~14K visitors) and Christkindli Market (~10K visitors).
